Everyone knows that costs are rising world wide and Spain is not any completely different. Home costs, electrical energy costs and the overall price of dwelling are all on the rise and plenty of are speaking in regards to the cost-of-living disaster. However not everyone seems to be struggling! The previous adage that the wealthy maintain getting richer continues to be true, and they’re snapping up luxurious properties on the market and in addition renting luxurious properties for holidays and long-term lets. However what does it price to stay like a billionaire?

Properly, within the case of Villa Sirius in Marbella, a month’s lease will set you again EUR 100,000! For this price ticket, you may be dwelling in a spectacular 5-bed luxurious villa, with a personal heated pool, giant backyard, indoor and outside kitchen and eating areas, wine cellar, pool room and sauna.

However is any villa actually price that quantity to lease?

Renting Villa Sirius in Marbella for a month prices the identical as shopping for a home in Spain

The typical worth of property in Spain (Q1 2025) is simply over EUR 1,900 per sq. meter, so a modest residence of round 50m2 could possibly be bought for a similar cash. As a substitute of a month on this mega mansion, you may purchase a bigger home in essentially the most reasonably priced areas of Spain. This consists of Extremadura, Murcia, Castille-La Mancha, Aragon, Costa de Almería, Costa del Azahar and even inland Andalucia and Galicia. However in fact, properties within the extremely fascinating space of Marbella don’t come so low cost! The typical worth/m2 of housing in Marbella in the identical interval was EUR 5,756, and as a consequence of restricted inventory in essentially the most in-demand areas, costs have been skyrocketing. Based on Idealista, the value per sq. meter within the Marina Puente Romano advanced in Could 2024 was EUR 30,000 per sq. metre!

Leases have additionally been pushed larger and better throughout Spain, with Marbella specifically seeing a scarcity of properties, which has pushed costs skyward. The month-to-month lease for a two-bedroom long-term rental in Marbella ranges between EUR 1,400 to EUR 3,000, for a minimal 11-month contract. You’ll be paying over EUR 5,000 per thirty days for a three- or four-bedroom residence, once more on a long-term contract. However if you wish to have an prolonged keep of a month, in a short-term rental, then costs enhance additional, with costs of weekly short-term lets being the identical as a month-to-month long-term rental. This is the reason the mega-rich can find yourself with such an enormous invoice for a month-long keep in a spectacular villa like Villa Sirius.

Vacation rental specialists Trip Marbella, who’re accountable for renting Villa Sirius clarify, “The easiest villas in Marbella are in excessive demand, notably through the peak season in July and August. These villas are costly to purchase and run and embody the very most interesting supplies, finishes and companies, which take a variety of repairs and are expensive to switch. 

The house owners must get a great return to make renting out their spectacular villas worthwhile, and so to see a nightly payment of EUR 5,000 within the peak season for a spot pretty much as good as Villa Sirius shouldn’t be uncommon.

In fact, these sorts of hyper-luxury villas are solely accessible to the high-net-worth and ultra-high-net-worth holidaymakers. However these individuals are used to the perfect and aren’t afraid to pay for it.”

The Most Costly Home in Spain

In October 2024, it was reported within the Sur in English that the costliest property available on the market in Spain was within the La Zagaleta improvement close to to Marbella, on sale for EUR 29 million. However in April this yr, this was overwhelmed by two standout properties. Andalucia Right now reported that, within the Puente Romano space of Marbella, a nine-bedroom villa was listed for EUR 50 million. Then shortly after, Euroweekly Information reported that the extraordinary Villa Bellagio in Marbella’s Sierra Blanca improvement was put available on the market at EUR 70 million!

For extra luxurious property reads, click on right here.